HE Access to housing is becoming increasingly difficult. The index, which determines the balance between the average house price according to the average income of working citizens and the debt capacity suitable for purchasing a house, fell again in 2023. The indicator has continued its downward trend since the third quarter of 2021 and is currently at its highest level. The lowest figure since the second quarter of 2012It remained at 71 points after the real estate bubble burst.
Special, It decreased by 16 points, of which 100 points were balance, to 73 points.According to the latest report published by the Appraisal Association. “This decline shows that: increase housing prices and rise interest rates They emphasize that access to housing has tightened from the company specializing in real estate valuation. Its entry into force was not widely implemented and did not serve to correct the trend.
Communities respectively: The Balearic Islands, Madrid, Catalonia and the Basque Country are the regions where it is most difficult to get home.Only in the Region of Murcia, Castilla-La Mancha, La Rioja, Aragón and Asturias can a citizen with an average salary buy an average house without borrowing more than is reasonable.
“All communities exist significant year-over-year declinesAlthough differences are observed in quarterly comparisons: six out of 17 autonomies have an unchanged accessibility index; these are Asturias, the Canary Islands, Castile and León, Catalonia, Madrid and Murcia; two, Cantabria and the Basque Country, increased their access levels; while the remaining seven offer an index that continues to suffer,” Valuation Community expands.
On average nationally according to appraiser’s index Housing accessibility has fallen 20.7% since 2013After reaching the best rates of 2017. The Balearic Islands were the place with the largest decrease, with a decrease of 41%, followed by the Valencian Community, Catalonia and Madrid, with decreases of 28.7%, 25% and 24.4% respectively. Only the Basque Country and Cantabria have escaped this phenomenon, where it is easier to buy a house today than in 2013.
5% increase in 2023
New housing prices in 2023 increased by 5.1 percent in the last 12 months. On average 2,871 euros per square meter on national territory. This means that the cost of a typical house of 80 square meters rises from less than 220,000 euros to almost 230,000 euros, according to research published by the valuation company.
Over the last twelve months, all autonomous communities recorded year-on-year increases. Between 2.5% of Castile-La Mancha and 6.8% of the Balearic Islands. The second region where the price increased the most was Madrid, with an annual change of 6.3%. At the opposite extreme are Castilla-La Mancha and Extremadura, where interannual increases are below 3%.
By cities, barcelona Capital with the highest average price across the countryIt is followed by Madrid (4,385 Euro/m2) and San Sebastián (4,283 Euro/m2), with prices above 5,150 Euros per square meter. At the other extreme, Ciudad Real (€1,301/m2), Cáceres (€1,311/m2) and Badajoz (€1,322/m2) have the most affordable properties, according to the Valuation Association.